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Banks

Nearest Banks & Insurances stores in Cape Town and surroundings

Banks & Insurances

Find all the latest offers on banks & insurances on Tiendeo

South Africans don’t need to be reminded about the welcoming collection of banks scattered throughout the country. Some brands have been part of South Africa’s rich history for years (like Nedbank and Absa) while others have the distinction of providing a more contemporary- and fresh flavour to their services (such as Capitec and African Bank).

And the country’s commitment to financial services and -intermediaries gets boosted even more once we start adding insurance companies (like Boodle and LoansFind) to the mix. Because it’s thanks to the insurance experts that we gain additional peace of mind via short-term insurance (covering financial losses for unexpected events like a burglary or accident), life insurance for ourselves and loved ones, business insurance for companies, etc.

But what is the difference between a bank and insurance company? The business of a bank is to accept and safeguard money owned by clients (which can include individuals and business entities) and to also lend out money to earn a profit. The money deposited by a bank’s clients is used to make a larger base of loans and, thus, create more money.

Insurance signifies a contract drawn up between an insurance provider/company and individual/business to receive financial protection and/or reimbursement against losses.

Fortunately, Tiendeo boosts customer convenience by offering some of South Africa’s best banks and insurance professionals in one convenient location.

 

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